Next door house for sale but wife and I just purchased! SOS

[Andrew May]

My wife and I purchased our first home three weeks ago in May. The location is perfect for renters so our plan is to rent our home out in a year. In addition, the house next door is going to be for sale soon. We would love to jump on the next-door home but our cash flow is very low right now. Plus, our current loan requires us to live in our current property for a year, so an FHA won't work to acquire a second mortgage. Any ideas or suggestions would be wonderful.

[Dawn Brenengen]

@Andrew May Can you check with local credit unions and see if they have a zero down program?  Also, check with your current lender, but usually the requirement is that you have the intent to live in the home as a personal residence for a year.  However, if unforeseen circumstances change that plan, you are not held to the year.  It's all about intent at closing.